Barrick Gold Corp. said it will suspend construction of its massive Pascua-Lama mine as it continues to cut costs as it grapples with slumping gold prices. It also posted third-quarter results that were well below year-earlier levels, but came in ahead of analyst expectations.

Bombardier Inc.’s third-quarter profit fell 21%, missing analyst expectations by a penny. The plane and train maker said low order intake and overall market conditions in its aerospace division were a disappointment.

Suncor Energy Inc. said it and its partners will proceed with the Fort Hills oil-sands mining project in Alberta, which will require an estimated capital investment of C$13.5 billion, of which C$5.5 billion is Suncor’s share. Suncor also posted a third-quarter profit of C$1.7 billion, or C$1.13 a share.

Enbridge Inc. said it will develop a new, C$1.6 billion pipeline for the Fort Hills partners to transport crude oil under long-term transportation commitments to its mainline hub at Hardisty, Alberta. Enbridge also said it will develop a new industry diluent pipeline to meet the needs of multiple producers in the Athabasca oil sands region.

Canadian National Railway Co. said it has reached a tentative labor contract settlement with members of the Teamsters Canada Rail Conference union in Canada, which represents conductors, train workers and yard workers.

About Canada Real Time

Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com